Sukanya Samriddhi Yojana (SSY) Calculator
About Sukanya Samriddhi Yojana (SSY) Calculator
The Sukanya Samriddhi Yojana (SSY) Calculator helps you estimate the maturity amount, total interest earned, and real (inflation-adjusted) value of your investment under the government’s SSY scheme. It provides an accurate projection based on current interest rates and deposit duration, helping parents plan secure futures for their daughters.
Formula (With Inflation Adjustment)›
M = P × [(1 + r)^n − 1] / r × (1 + r)^(T − n); M_infl = M / (1 + i)^T; Real Return = ((1 + r) / (1 + i)) − 1
Where: M = Maturity Amount, P = Yearly Deposit, r = Annual Interest Rate (in decimal), n = Deposit Years, T = Total Maturity Period (21 years), and i = Inflation Rate (in decimal). The calculator first compounds annual deposits for 15 years, then grows the amount for the remaining 6 years, optionally adjusting for inflation.
Example:
Input: ₹1,20,000 annual deposit for 15 years at 8.2% interest, inflation rate 5.75%.
Output: Maturity Value ≈ ₹63.5 lakh; Total Investment ₹18 lakh; Inflation-adjusted Value ≈ ₹28.6 lakh; Real Return ≈ 2.3% per annum.
Steps to Use:
- Enter your yearly deposit amount (₹).
- Enter the current SSY interest rate (default 8.2%).
- Set deposit duration (maximum 15 years) and total maturity period (21 years).
- Optionally, enable inflation adjustment to see the real value of your returns.
- Click 'Calculate' to view your maturity amount, total investment, and real return.
Frequently Asked Questions
What is the Sukanya Samriddhi Yojana (SSY)?›
The Sukanya Samriddhi Yojana (SSY) is a Government of India savings scheme designed for the welfare of the girl child, offering attractive interest rates and tax benefits under Section 80C.
How long do I need to invest in SSY?›
You can make deposits for 15 years from the date of account opening, and the account matures after 21 years. The amount continues to earn interest even after deposits stop.
What is the current SSY interest rate?›
As of 2024–25, the Sukanya Samriddhi Yojana interest rate is 8.2% per annum, compounded annually. The rate is revised quarterly by the government.
How does the SSY Calculator handle inflation adjustment?›
If the inflation adjustment option is enabled, the calculator discounts the maturity value using the given inflation rate, showing the real purchasing power of your returns.
Is SSY better than a regular fixed deposit?›
Yes, SSY generally offers higher interest rates and provides EEE (Exempt-Exempt-Exempt) tax benefits, making it a more rewarding long-term investment for a girl child’s future.